February was another month dominated by low housing inventory and rapidly rising prices in the white hot real estate market in Manhattan Beach CA. While the 19 homes sold in Manhattan Beach was well below the norm, the average sales price was just under $2.0M at $1,999,599. Of the 19 homes sold there were only 5 sales priced below $1,000,000 consisting of 4 townhomes and one smaller single family home on Valley Dr.